Australasia
Howard Morgan of Castle Harlan
Senior Managing Director at buyout firm Castle Harlan, Howard Morgan, talks about Australia’s rebound from the GFC and how the market, as resilient as it is, would struggle if another crisis were to hit.
CPPIB launches $3.05 billion bid for Australia's Intoll Group
The Canada Pension Plan Investment Board (CPPIB) has launched an A$3.4 billion ($3.05 billion) takeover bid for Australian road toll operator Intoll Group – a cash offer that comes at a 38% premium over the target's latest closing price.
Allied Medical talks complicate Healthscope situation
The $1.6 billion takeover bid for Australian private hospital and pathology operator Healthscope by a consortium of the Blackstone Group, the Carlyle Group, and TPG Capital, with a rival bid from Kohlberg Kravis Roberts & Co., has been complicated by...
Qiming Ventures leads $18 million round of financing for LanzaTech
Qiming Ventures has led an $18 million Series B round of funding for New Zealand clean tech firm LanzaTech, while Softbank China Venture Capital and two of LanzaTech’s existing investors from its Series A round - US-based Khosla Ventures and K1W1 from...
Citi private funds MD Crocker joins Atlantic-Pacific for ANZ
Managing Director of Citi’s Private Funds Group John Crocker has left the bank to join Atlantic-Pacific Capital as Partner in its private funds business, charged with marketing private equity, real estate and infrastructure funds in Australia and New...
NZ Super fuels SMEs via Waterman
Private equity firm Waterman Capital, which is raising a new NZ$75 million ($53 million) fund to invest in Kiwi small businesses with a NAV of between NZ$10-50 million ($7-35 million), has been buoyed by New Zealand Superannuation Fund’s plans to inject...
ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according...
Palisade Investment hires two managers
Australian infrastructure-focused investment firm Palisade Investment Partners has appointed Julian Widdup and Jane Watson as investment managers, following a sizeable but undisclosed fundraising close from institutional investors.
Affinity exits Loscam in PRC trade sale
After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
Quadrant acquires Media Monitors
Australia’s Quadrant Private Equity has taken a 100% stake in region-wide media intelligence and news-aggregating firm Media Monitors for an undisclosed amount.
Providence announces terms on $570 million Study Group deal
Providence Equity Partners has announced a final acquisition price of A$660 million ($570 million) for CHAMP Private Equity and Petersen Investments investee Study Group in its first Australian deal.
CHAMP buys ATF Services from Quadrant
In the region's latest secondary buyout - actually a tertiary transaction - Australia's CHAMP Private Equity has purchased ATF Services, a maker of temporary fence and height-safety products, from Sydney-based Quadrant Private Equity for an undisclosed...
Babson does first Oz deal with Collins Food
Babson Capital Management, a leading US investment firm and mezzanine provider, has just announced the first deal from its newly opened Australia office, with an investment - for an undisclosed amount - in mezzanine notes held by Collins Food Group, the...
Providence goes to Study Group
US media and TMT-focused private equity firm Providence Equity Partners has picked up CHAMP Private Equity’s education asset Study Group International, in a deal estimated at around A$600 million ($523.6 million).
Aladdin, investor consortium to buy Pepper Homeloans
A consortium of investors, including private equity firm Aladdin Capital, have bought out Australian mortgage lender and service provider Pepper Homeloans for A$20 million ($17.5 million), a figure that reportedly leaves current owners Merrill Lynch and...
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
KKR nixes CVC partnership on Healthscope
Kohlberg Kravis Roberts & Co. has said that CVC Capital Partners will not be participating in a bid for Australia's Healthscope, estimated at potentially up to A$1.84 billion ($1.56 billion), with KKR continuing on the bid by itself.
Australia's Allegro announces Fund II
Allegro Private Equity, the Sydney-based ANZ independent mid-market investor, has announced the launch of its Allegro Fund II, seeking to raise A$200 million ($176 million) or above.
Carlyle Contract Aviation win
The Carlyle Group has consummated its extended pursuit of Contract Aviation Industries with an A$350 million ($291 million) buyout offer for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March...
Direct Capital invests in Bayleys Corp
Direct Capital, a New Zealand private equity firm, has taken a minority stake in Bayleys Corporation Ltd., a real estate agency and professional property services provider.
Blue Sky launches fund for Australian SMEs
Brisbane-based private equity firm Blue Sky Funds Management aims to raise A$50 million ($41.4 million) for a fund targeting investments into Australian SMEs.
Tenet backs out of Healthscope, citing disclosure
US hospitals group Tenet Healthcare Corp. has announced its withdrawal from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving the two rival private equity consortia - Kohlberg Kravis Roberts & Co. and CVC Capital Partners...
Tenet could be out for Healthscope
US hospitals group Tenet Healthcare Corp. may withdraw from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving competition for the A$1.84 billion ($1.56 billion) deal to the two rival private equity consortia of Kohlberg...